CI Financial Inc. asked Morningstar DBRS to withdraw credit ratings, but the agency refused. CI also asked Standard & Poor’s to stop rating its debt 2023, after the agency downgraded it to junk status
Debt -heavy CI Financial Inc. says it has asked Morningstar DBRS to withdraw its credit ratings on the company, but the agency has refused.
CI says, however, that Morningstar DBRS “has indicated that it will continue its ratings on CI on an unsolicited basis. CI management is no longer engaging with Morningstar DBRS and any unsolicited ratings are based solely on publicly available information.” This is the second tussle between CI and a debt-ratings agency that has issued unfavourable credit ratings on the company as it racked up debt to finance an expansion. CI asked Standard & Poor’s to stop rating its debt in May, 2023, after the agency downgraded it to junk status.
Company Debt Agency Morningstar Dbrs Ratings End Toronto Stock Exchange Moody Standard & Poor
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